Pub. L. 83-287, tit. I, sec. 161

ELECTION AS TO RECOGNITION OF GAIN IN CERTAIN CORPORATE LIQUIDATIONS.

EnactedYear: 1953Length: 73 wordsOfficial source
SEC. 161. ELECTION AS TO RECOGNITION OF GAIN IN CERTAIN CORPORATE LIQUIDATIONS. (a) Amendment of Section 112 (b) (7).—Section 112 (b) (7) (relating to recognition of gain in certain corporate liquidations) is hereby amended by striking out “1951 or 1952” in subparagraph (A) (ii) and inserting in lieu thereof “1951, 1952, or 1953”. (b) Effective Date.—The amendment made by subsection (a) shall apply with respect to taxable years ending after December 31, 1952.
Pub. L. 83-287, tit. I, sec. 161: ELECTION AS TO RECOGNITION OF GAIN IN CERTAIN CORPORATE LIQUIDATIONS. | Justis AI